Next month, shipping lines declared the temporary suspension of cargo bookings into South China, blaming local feeder operators for reduced availability. The move has caused dismay among local forwarders who warned "not to hesitate" customers to take any chance of booking cargo before the Chinese New...
Major forwarders engage in fierce bidding wars in China to secure equipment and space for North Europe. And several carriers reported opening first- and second-round tenders this month with the highest bidders for guaranteed shipment. Carriers are inviting offers for available slots on end-January sailing from Shanghai,...
Scheduling 'slidings,' 'ad-hoc' port omissions' and 'short-notice' network structural changes are replacing blanking as new challenges for shippers in 2021. The latest advisory on "Service Adjustments" comes from the 2M partners Maersk and MSC on the transpacific tradelane. MSC stated that it had decided to make some...
As the performance of the North American import market continues at unprecedented levels, Prime Freight will provide updates on rapidly changing trends in the North American import supply chain market on a more frequent basis. Our goal is to inform you of as much relevant...
Ocean carriers aim to expand travel times in an effort to boost scheduling flexibility and cut costs. They start adding more buffer time to schedules to alleviate the effects of persistent global port congestion. Hapag-Lloyd said today it added 13 weeks to the westbound schedule of its...
French container line CMA CGM is not the only carrier to reject booking requests from Asia on the overheated container market. Maersk and ONE both tell ShippingWatch they had to refuse some of their inquiries. Meanwhile, Hapag-Lloyd is calling the situation natural. "The situation is...
The production change from China to Vietnam is going up a notch, placing pressure on the country's container supply chains. With the IMF predicting 2.4 percent GDP growth, Vietnam is on track to become one of the world's fastest-growing economies in 2020, as many others collapse...
According to Drewry's report, cargo owners bear much of the cost burden of the ongoing congestion crisis impacting several container ports across the world – including company losses and additional costs – with ports themselves unlikely to experience major long-term repercussions. Ankush Kathuria, Drewry Maritime Financial...
It starts: forwarders begin to feel the pain as vaccine delivery begins – they get bumped from booked flights. "Singapore Airlines has loaded vaccines in Amsterdam for the past few days," one European air freight forwarder said, "I keep getting offloaded. It began." The UK-licensed Pfizer/BioNTech vaccine...
Serious backlogs at main South Asian transhipment port seem to improve after several weeks of difficulties leading to service cancellations, freight rollovers and supply chains disruption Extreme congestion that has plagued main South Asian transhipment port Colombo appears to ease after several weeks of trouble leading...
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